Michael Wallmannsberger: Cyber security consultant on the rise of e-Crime and apps used for data theft, extortion

Cloud databases are coming under increased pressure from hackers. Over the past year there's been high profile cyber attacks on companies such as Microsoft and Samsung. A new report reveals that eCriminals have been one of the biggest causes for concern over the past 12 months. With high profile attacks from two named adversaries – ‘Slippy Spider’ and ‘Scattered Spider’ – gaining notoriety for their extorsion of companies such as Microsoft, Samsung, Nvidia, Signal, and Mailchimp. Global cyber-security firm CrowdStrike releases their annual Global Threat Report today which examines the past 12 months in cyber security and looks ahead to the likely threats in the coming year. Not surprising but extremely concerning is that eCrime accounted for almost half (49%) the intrusions, remaining the dominant activity above targeted intrusions (18%) and hacktivism (1%), with 32% unattributed. Cyber security consultant Michael Wallmannsberger told Mike Hosking cloud computing has vulnerabilities. He says as more people move to the cloud and those services are being attacked which is exposing weaknesses in cloud system. LISTEN ABOVESee omnystudio.com/listener for privacy information.